New Homes for Sale in Coconut Grove
New Coconut Grove Homes for Sale
New or newer homes for sale are very desired with Miami’s buyers. Many buyers are looking for brand new homes for sale in Coconut Grove Florida. With ‘new’ Coconut Grove houses for sale we refer to homes that are newly built (2016 or after) or still under construction.
The highest sales price per SF for a new home for sale in Coconut Grove in the last 12 months was $731 per SF
What Prices are Achieved for New Coconut Grove Homes for Sale
15 Homes sold in the last 12 months, which were built in 2016 or after. Prices ranged from $343 per SF to $731 per SF and just short of $1M up to $3,3M. Although sales prices also depend on lot size and location we see that fully customized homes trade for a higher price per SF than semi customized homes or spec homes. The devil is in the detail and when buying semi-customized homes one should always be careful and verify whether the finishes and design of the home justifies its sales price
The average sales price of homes built in 2016 or after in the last 12 months: $505 per SF
The average sales price of homes built before 2016 in the last 12 months: $485 per SF
Examples of Sales
How Many New Homes Are Available in Coconut Grove?
On March 11 we recorded 20 new Coconut Grove homes for sale. With new we refer to homes built in 2017 or later. This does not include the lands/lots for sale with approved architectural plans.
Of these 20 the distribution is as follows:
- 3 are between $1M and $2M
- 8 are between $2M and $3M
- 3 are between $3M and $4M
- 4 are between $4M and $5M
- 2 are above $5M ($6,495,000 and $7,290,000)
Examples of New Coconut Grove Homes for Sale
The Changing Style of Coconut Grove Homes for Sale
Just like in other parts of Miami, modern homes are more desired than the older, Mediterranean style homes. Therefore brand new construction homes in Coconut Grove are more and more desired with buyers. You also see that with these brand new homes for sale in Coconut Grove, the design is more functional with less dead space. Properties are smaller, but functional with lots of natural light and a natural flow.
Where else to Look for Brand New Miami Homes?
Coconut Grove offers a good amount of brand new homes, but you might also want to consider Coral Gables. Coral Gables offers more homes for sale in a wider price range.
Pinecrest is also home to many brand new homes for sale. Pinecrest generally offers larger homes on larger lots, but for lower prices per SF. Because of the town’s over supply of brand new luxury homes for sale, one might be able to negotiate a better price.